As I have been saying all along, Elio never intended to built a single production vehicle. It was an overly elaborate but brilliant scheme to bilk both reservation holders (like myself) and investors out of their hard earned money, and it worked. Paul and his buddies made millions. You want...
As long as their web site keeps selling non-refundable reservations and people keep buying their stock, Elio will stay in business, even though they probably will never actually produce a car, or meet any of their reservation holder's expectations.
Elio needs to double down on its advertising and stock offering. Offer all new customers a $2000 discount on the Elio based on a $1000 nonrefundable reservation, and similar discounts on the purchase of a minimum of $5000 in stock.
You and I may know Elio may never happen, but not everyone...
Why argue about something that may never exist. Oh ho hum, I think I'll retire from this forum for a while.
Please awaken me if there is ever any good news.
As long as the Elio Website is still accepting non-refundable reservations and selling stock, Elio still has a cash cow going for it. It would be foolish for them to file for bankruptcy, they'd lose their cow, not to mention breaking the dam of impending law suits. If ever they do go, it will be...
They will keep their web site open because they still want to keep selling non-refundable deposits without every having to ever deliver their car.
And they will continue to pitch their sales to the unsuspecting and misinformed.
Hey JD, if your non-refundable reservation was for $1000, you only lost $200 a year.
Did anyone with a refundable reservation ever get their money back?
If Elio were really serious about building cars they should build a few thousand and distribute them to the first few thousand reservation holders.
The sooner that is done, the sooner the logjam will be broken, and the sooner Elio could be in the black. Also, the sooner I will get mine.
Franky I...
What's the point of this meeting which, because none of us has an actual Elio, will turn into a bitch session.
I will only attend if Paul attends. At least there will be someone there to bitch at.